June 2019 Storm Utility FundOver
2019 June YTD (Under)%
Budget Actual Actual Budget Current
Revenue
Interest Earnings 50,000 0 0 (50,000)0.00%(1)
Interest Earnings-Other 0 0 0 0
Henn County Grant-Decola 0 670,000 670,000 670,000 (6)
State DNR Grant 2,300,000 0 0 (2,300,000)(6)
Storm Sewer Charges 2,475,000 196,610 1,173,595 (1,301,405)47.42%
Hennepin County 500,000 0 0
Bassett Creek Watershed 1,031,500 0 41,207 (990,293) (5)
Miscellaneous Receipts 330,830 0 0 (330,830)
Sale or Loss of Assets 0 0 0 0
Total Revenue 6,687,330 866,610 1,884,802 (4,802,528)28.18%
Expenses:
Storm Utility 5,913,815 64,307 642,756 (5,271,059)10.87%(2) (3)
Street Cleaning 130,815 4,301 49,742 (81,073)38.02%
Environmental Control 402,605 16,280 139,672 (262,933)34.69%
Debt Service Payments 63,950 0 31,750 (32,200)0.00%(3)
Total Expenses 6,511,185 84,888 863,920 (5,647,265)13.27%(4)
(1) Interest Earnings are allocated at year-end.
(2) Depreciation is allocated at year-end and.
(3) Debt service payments and Medicine Lake Rd Improvements will be reimbursed by TIF.
(4) Reserves are being used that were planned.
(5) Bassett Creek Watershed Coomission reimbursed the City for a 2019 projects.
(6) DNR Grant for Decola Ponds B/C.
Further information about projects and financing are located in the 2019-2023 CIP and 2019-2020 Budget.
City of Golden Valley
Monthly Budget Report - Storm Utility Enterprise Fund
June 2019 (unaudited)